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Apparatus and method for automated display of market activity

a technology of market activity and automatic display, applied in the field of automatic display of information, can solve the problems of loss for a day trader, prior art display of symbols with associated price changes becomes practically useless to day traders, and traders do not earn their living exclusively from investing

Inactive Publication Date: 2005-11-08
MORGAN STANLEY +1
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

They do not earn their living exclusively from investing.
A delay in execution of even a few seconds can cause a loss for a day trader because markets can change so quickly.
Prior art displays of symbols with associated price changes become practically useless to day traders, especially at times of rapid price change.
A displayed price can change so quickly that the changes are impossible to follow with the human eye.
Moreover, it is the publicized demands of day traders for advanced trading aids, coupled with increased availability over the Internet, that increases the interest of hyperactive investors and traditional investors in availability of such aids.
Markets often move so rapidly that the human eye can not follow price changes displayed on a computer.
As a stock becomes more volatile, it becomes increasingly difficult to purchase for a limit price.

Method used

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  • Apparatus and method for automated display of market activity
  • Apparatus and method for automated display of market activity
  • Apparatus and method for automated display of market activity

Examples

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example list

of Market Makers

[0057]

MMIDNameBESTBear, Stearns & Co., Inc.BTABAlex, Brown & Sons, Inc.GSCOGoldman, Sachs & Co.HMQTHambrecht & Quist, LLCHRZGHerzog, Heine, Geduld, Inc.JANYJanney Montgomery Scott, Inc.LEHMLehman Brothers, Inc.MADFBernard L. MadoffMLCOMerrill Lynch, Pierce, Fenner & Smith Inc.MOKEMorgan, Keehan & Co., Inc.MONTNationsbanc Montgomery Securities, LLCMSCOMorgan Stanley & Co., Inc.NITEKnight Securities, L.P..OLDEOlde Discount CorporationOPCOCIBC Oppenheimer CorporationPIPRPiper Jaffray Inc.PRUSPrudential Securities, Inc.PWJCPaine Webber, Inc.RAJARaymond James & Associates, Inc.SBSHSmith Barney, Inc.SHRPSharpe Capital, Inc.SHWDSherwood Securities Corporation

[0058]“MMID” abbreviates Market Maker ID, a code identifying a market maker. All NASDAQ traders, including ECNs, are assigned MMIDs.

[0059]“NASDAQ Level II Quotes” are provided in a stream of data directly from NASDAQ. NASDAQ Level II Quotes includes market information for markets offering to buy or sell stocks. The mark...

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Abstract

Thermographs and top mover lists as displays of market motion. Displays for time-dependent information. Thermographs comprising display areas on computer screens, the display areas divided into cells, tick times for a security stored in memory, color values calculated for each tick time and displayed in contiguous cells in the display area. Lists of top moving securities identified by calculation of security momenta comprising differences between a current time and tick times, the differences being summed.

Description

BACKGROUND OF THE INVENTION[0001]The present invention relates to displays of time-dependent information. More particularly, the invention relates to automated methods and apparatus for display of information related to the motion of fast-moving markets.[0002]Viewed according to their interest in information regarding fast-moving markets, investors can be classified in three broad categories. First, there are traditional investors. Traditional investors trade approximately once a month. Traditional investors are interested in long term investment. Traditional investors may have very little concern with high-speed information because traditional investors, intending to hold a stock for months or years, may be content to pay any price in a stock's daily trading range. Despite the long-term nature of traditional investing, however, as more information about execution quality and timeliness becomes available to the investing and trading public, even traditional investors become more int...

Claims

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Application Information

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Patent Type & Authority Patents(United States)
IPC IPC(8): G06Q40/04
CPCG06Q40/04
Inventor BORZENKO, ALEXANDER
Owner MORGAN STANLEY
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